The inaugural meeting and first working session of the Risk Management Committee under the Banking and Insurance Asset Management Association of China was successfully convened in Beijing on June 22, 2026.
Wang Yi, the Party Committee Secretary and President of the Association, and He Zhujun, a Party Committee Member and Secretary-General, attended. Over 70 committee members from various institutions including bank wealth management subsidiaries, insurance asset management companies, insurance group (holding) companies, insurance companies, and intermediary service providers participated.
Committee Structure and Leadership
The Risk Management Committee is composed of one Chairperson, ten Vice-Chairpersons, one Secretary-General, four Deputy Secretaries-General, and 56 committee members. Wu Yaodong, Chairman of China Post & Fortune Wealth Management Co., Ltd., has been appointed as the Chairperson of the committee.
Strategic Imperatives and Committee Mandate
In his opening remarks, Secretary-General He Zhujun emphasized that the Central Financial Work Conference identified risk prevention and control as a perpetual theme in finance. He noted that the expanded meeting of the Party Committee of the National Financial Regulatory Administration also called for a heightened sense of responsibility and urgency in preventing and defusing financial risks. The establishment of this committee represents the Association's concrete action to implement these directives. Faced with increasingly complex risk challenges, and issues such as insufficient forward-looking risk warnings, limited sharing of risk control experience, uneven risk management capabilities, and a risk control self-regulatory system needing improvement, the committee is tasked with leveraging its role as the Association's dedicated professional platform in this field. Its objectives include enhancing industry-wide risk assessment and early warning, promoting the exchange of risk control concepts and practical experiences, focusing on specialized research into frontier risk prevention topics, fostering a culture of compliance and risk control, and building a collaborative and self-regulatory ecosystem for industry risk management.
Chairperson's Vision and Call to Action
Committee Chairperson Wu Yaodong stated that as industry risks become more apparent, spread faster, and become increasingly intertwined, the committee will act under the Association's coordination to build a two-way communication bridge between regulators and the industry. Efforts will focus on facilitating regulatory communication channels, improving industry self-regulatory standards, promoting best practices, and cultivating a robust industry culture. He called on all committee members to collaborate, share experiences, adhere to the fiduciary duty of asset management, and jointly build a risk control community for the banking and insurance asset management sector, using sound risk management to safeguard the industry's long-term, healthy development.
Foundational Framework Established
The meeting reviewed and voted to adopt the "Working Rules of the Risk Management Committee" and the "2026 Work Plan of the Risk Management Committee." These documents clarify the committee's purpose, responsibilities, and core objectives, establishing an institutional foundation for its standardized operation and effective performance.
Insights from the First Working Session
During the subsequent first working session, Zhang Jian, General Manager of China Post Asset Management, Bian Xiyun, Chief Compliance Officer of Zhong Ou Asset Management, and Pan Yuqiang, Deputy General Manager of China Post & Fortune Wealth Management, delivered thematic presentations. They shared insights on risk control practices across the entire insurance asset management value chain, embedded end-to-end risk control in public funds, and risk control upgrade plans for the net-asset-value transformation of bank wealth management products.
Leadership Engagement and Industry Outlook
Following the meetings, Association President Wang Yi and his delegation visited China Post & Fortune Wealth Management for a research visit. They gained on-the-ground understanding of the company's overall operations, including scale development, product layout, technology-driven risk control, talent development, and Party building, as well as frontline risk management practices and industry transformation challenges. President Wang Yi pointed out that in the current evolving regulatory and market environment, companies should closely align with national development strategies, clarify their own business and product positioning, and continuously enhance investment capability development. He expressed hope that China Post & Fortune Wealth Management, as the chairperson's institution, would play a leading role by actively organizing and spearheading the committee's work, increasing communication and exchange on industry asset allocation and risk control concepts, and contributing to the industry's high-quality, sustainable development. The Association pledged its ongoing support and service to the industry.
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